Dow Jones news being used to visualize trading ideas
Dow Jones & Co. has partnered with a company called Acuity Trading to develop a news visualization tool to help traders look for market trends based on business news, reports Jeff Patterson of Finance Magnates.
Patterson writes, “Acuity Visual Edge is powered by Dow Jones, which is presently in its beta testing phase. The new tool will help display a wide range of news sentiment indications and resources from both Dow Jones and Acuity Trading news sources, helping offer traders improved visual cues to better understand market trends and stimulate trade ideas.
“Big data and sentiment-based trading tools have permeated the financial services industry in recent years, most of which well received at institutional and retail venues. The ability to harness this technology also has shown tangible yields for traders and market participants – Acuity Visual Edge will also support the new Dow Jones DNA platform that launched earlier this year in April.
According to Andrew Lane, CEO Acuity Trading, in a statement on the partnership, ‘News is an incredibly rich source of data and so much opportunity can be derived from news by traders when its value is understood and harnessed in the right way. This is why we have focused on creating a tool with Dow Jones that makes its content central to a trader’s research activity and presenting it in ways that traders can make best use of it.'”
Read more here.